Year-over-year EPS growth of 15 percent from continuing operations
Record EPS from continuing operations of $3.32 (diluted)
Record consolidated segment operating margin of 29.1 percentPORTLAND, Ore., July 24, 2014 (GLOBE NEWSWIRE) — In the first quarter of fiscal 2015, Precision Castparts Corp. (NYSE:PCP) showed steady sales growth year over year in its key end markets and continued to strongly leverage increasing production volumes.
First Quarter Fiscal 2015 Financial Highlights
Precision Castparts Corp. (PCC) sales in the first quarter of fiscal 2015 were $2.53 billion, a 7 percent improvement over sales of $2.37 billion last year. Year over year, organic sales growth was approximately 4 percent, excluding the impact of metal/revert pricing. Consolidated segment operating income showed a 14 percent increase year over year, climbing to $736 million, or 29.1 percent of sales, versus $644 million, or 27.2 percent of sales, a year ago. Net income from continuing operations (attributable to PCC) in the first quarter rose to $484 million, compared to net income of $424 million in the first quarter of fiscal 2014. Earnings per share (EPS) from continuing operations (attributable to PCC) were $3.32 in the quarter (diluted, based on 145.9 million shares of stock outstanding), versus $2.88 (diluted, based on 147.1 million shares of stock outstanding) in the same period last year.(…)
